ceilceg, the treasury will have $30 billion left by october 171h and possible expenditures of 60 billion on that date. unless the debt ceiling is extending the government won't be able to borrow money and pay some of its bills. that has business cautious as john chambers told me this week. >> we see opportunities and also challenges. you know what's going on at the fed and what's going on with the debt ceiling. the impact of orders coming out of federal being a bit more challenging and the retail sales. most of my ceo counter parts and industry experts are cautious. >> the dow and s&p 500 broke a losing streak on thursday. the markets fell on friday. ni reported earnings this week and beat analysts expectations. blackberry may be going private. th company considering a $4.7 billion by a private bid by

fairfax capital. they are announcing a loss of 1 billion dollar in the second quarter. fall has arrived and so has fallen gas prices. unleaded is nearing $3 a gallon, the lowest since january and more than 30 cents belobe last year's record. the reason, record high demand rate and falling crude prices. wall street has been holing its breath this week watching washington, wait to see what will happen with the fight. there's reason to be opmistic. keith banks is president of u.s. trust. it's good to have you on the program. >> good to be here. >> the market seems to be in pause mode. i guess we're waiting on a number of things. the fight of the debt ceiling is expected to be a negative. we've seen this movie before. >> unfortunately. >> how does it play out? >> i think what u just described, especially the debt ceiling, we think that could

cause a bit a pothole, not a sink hole in the market. we c sld see a 3 plus percent pull ckback. even though it's going to impact people's psyche, it's not going to impact the fundamentals of the market or the economy and that's what people have to keep focused on. >> what are you seeing from clients now? >> they're nervous. there's always been this wall of worry whether it's syria, iran, qe3 ending and now it's the debt ceiling. in some ways that's bullish. we have not had that flood gate open of funds flowing into equity. we think there's a lot of money that can and will move toward the equity market based upon the fundentals we see. >> there's a lot of potential for new money to come in. we're ending the third quarter and about to get a lot of earnings. we already got the final gdp on thursday. it was unchanged.

the economy growing at an annualized rate at 2.5%. not great growth. >> not great. >> how would you characterize the fundamentals? >> i think they're improving. what we look for, which is the key in the markets, we see the economy doing much better. we see next year the economy and u.s. growing over 3% the the u.s. economy, the private sector has already been growing 3 to 4% currently. whatwh taking that back down is the sequester to 1 to 2 percentage points. when that begins to neutralize as we go through the rest of the the year you'll see the underlying activity. that's why we think next year will be a positive surprise which means good things for profits. >> let's talk third quarter. what are you expecting? revenue wasn't great last quarter. >> revenue wasn't great last quarter. we think this will be a transition.

we see about 3% growth for u.s. companies. next year we think the rate could go up to 6%. not only will the u.s. see an up tick to 3% in growth, we'll see an uptick globally. we have the major economies aligned for the first time in a long time, all in positive growth mode and growth we think will accelerate. china is stabilizing and we think improving as well. >> when you look at all those markets you are seeing it. your client with the high net worth of client. are they taking money out of bonds or putting it into stocks at the t expense of bonds? >> so far the shift that's going on and we are seeing a shift finally toward equities. it initially came out of cash. it's slowly coming out of fixed income. we think thatil will continue b it's not going to be a flo gate opening. it's not goingto be all this

money flows out of fixed income into equities. >> what are you recommending now? what should retail invnvestors ? we still say you should be overweht equities. we like the u.s. we're under wait fixed income. here is the concern of fixed incomes. rates will go up. there's such a small cushion right now from a yield standpoint that as prices begin to decline as rates rise, you'll quickly eat through that yields cushion and go toategative returns, negative absolute returns in fixed incomes. when you look at it on a real basis, even worst. keep moving money toward can he recollect the equieqes. we like the u.s. we like technology. we like financials. we like energy. >> a couple of interesting

findings of high net worth busiss owners. they say business owners are more fulfill bid their work than those who work fror others. any big surprises? >> there's a difference between that reaction by the younger business owner thinking they can have a positive impact versus the by boomer. when the baby boomer started their business, it was no safety net. there probably wasn't lot of money. their primary focus was ho do i feed my family and make sure this business doesn't fail. the gen x and y are coming from a safety net and a little more wealthier background. >> what about obama care? we'll see it go live next week.

is that having an impact on small business? a lot of people talk about the health care legislation as being an issue. many in your survey cited concern over taxes as well as health care. >> number someone the ununcertain uncertainty. we're not going to no for a year whetether this will work the wa it was intended to work. the key will be whether young l healthy uninsured sign up. if they do costs will come down. if they don't, it won't. they want to manage that health care cost risk by going that route and when there's more certainty they'll make the decision as to how to play it from the standpoint of hihiring. >> good to have you on the program. >> always great. >> up next, none other than bill clinton. the former president sounding off on everything from debt ceiling drama to dealing with iran and russia. does he see a resolution to any

of this soon? we'll find out business school students making the grade with innovative solutions to addressing food and security. you won't believe what they have come up with. >> it's actually quite simple to do. >> as we take a break, take a look at how the stock market ended the week. back in a moment.

when former president bill clinton speaks we all listen. i caught up with mr. clinton at his annual clinton initiative in new york. he wasn't afraid to talk politics. he said it would be disasterous for washington if they permitted

a government shutdown. >> when you do it now people are ngping to goodness these market trends are positive and l looks like we're really coming out of this. investors from overseas will think we're three bricks out of a full load. if you were an investor in asia or europe, you'd be more reluctant in the future to invest in our country if we pull a stunt like this. >> what do you think the deal should be? what should president obama give on? >> you can't allow the full faith and credit of the united states to be messed with. if i were in his position i'd be taking the exact position he's taking. >> not negotiatable? >> no, not that. i would say we can still negotiate a long term budget deal and i'd like to do it and put more budget cuts on the table for you. we can do that, but the place to do that is when we're doing it.

once we vote to spend the money you can't say we're not going to pay the bills. we just spent the money. >> we have an opportunity, if you believe at you're reading, iran wants to be diplomatic. do you believe this? how do you think this plays out with iran? >> i don't know. i think it ought to be tested. anything we do with iran effects the security of the people who are struggling in syria. it effects the syria of lebanon. it darn sure effects the future of israel, and therefore it effects the united states. i would keep the door open. i'd keep testing the russians an syrians on this chemical weaponon thing. the president isis right about this. syria should be settled with a negotiation becabee it's so complicated. >> should he have handled it differently? the president was criticized over coming out, setting thg

red line and then saying let's wait for congress. in retrospect what could have been doing better knowing that the people do not want war. >> he could have used air power sooner but i it turned out for whatever reasons it may have all worked out for the best. at least we've got russia and syria now in a public arena of accountability. if this turns out to be a scam, they can't blame it on anybody else. it's right out there for everybody to see. i think the pressure on them to deliver is high, and if theyo deliver and they get rewarded for it which they should. people should say that a boy, then the pressure will build to go back to the peace process. this is messy, but we got some leverage here. we just need to keep pushing. >> is putin out front.

if you do any military action i'll be backing the syrians.s. >> he's already backing the syrians. he's putting weapons in there all the time. he thinks it's inhis interest. i think what happened was for several years he's been on automatic. it'sit whatever makes america m is good for us. if i can make them look bad, i look good. if i can make them look frustrated and weak, i look strong. i think he may be rethinking some of this strategy. he's milked this anti-american cow for as long as he can milk it. there's not much advantage of being wrong sided in syria and ignoring the threats to russia from chemical weapons slashes around in his region. >> thank you for moving the needle on girls and women. peter sands just announcedou hi commitment. why is this so important to cgi?

>> in an interconnected world where brain power and back power count, it is not only dumb it's dumb to leave half the world out of the equator. because there's no place in the world where women enjoy equal participation and equal renumeration in the economy and equal involvement in the political life of the country after all these years we know that we're a long way from paying. the averagege woman earns about7 cents. the empowerment of women and girls is important. >> my thanks to president clinton. up next, inside the world's largest student competition for

social goods. social goods. we'll hear from the young

today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now arwering some of america's biggest cities. siemens. answers.

when was the last time you came up with a million dollar idea? for a winning team, finding a

business solution to address food and security came down to what bugs you. edible insects and changing the world one start up at a time. >> this year 11,000 students from 350 3 different universiti and 150 different countries applied. >> six finalists, teams of global mba students competed for the health prize, $1 million in seed capital. >> the answer is insects. >> it's about inspiring people to provide food security to people who live in the urban slums. we provide them with instafarms. >> yes, bug farming. it's quite simple to do. it doesn't require a lot of maintenance. >> defending their business plans to panel of experts, teams have spent the past year developing companies to address the needs of the 875 million people around the world who may not know where their next meal is coming from. >>sehese are young people who

are attending some of the best business schools around the world. they have the opportunity to go work for the institutions where they can make a great deal of o money, but they cho t to use that brain power to focus on how to make the world better and how to address the issue of food and security. >> aspire. >> at the beginning it looks impossible, difficult. that's the beauty of innovation. you're breaking the woworld. >> i had no idea there was an intersection that existed between doing good and doing well. >> if we had more business studentsorking on solving some the toughest issues in the world we could crack them by bringing business ideas to the tougtost challenges of the world. >> let's talk about the winners here. this is the third health prize having been awarded $1 million sin start up capital and given

directly to the winning start-up team. what do you think this team will be doing with that money? >> 100% all the money will go to the student winning team to implement their start up. >> two and a half billion people on the planet already eat insects regularly. tell us about that. >> it's one in three people ine the world consume 19,000 different insects and this start-up, aspire food will create a tangible ecosystem. >> why did you think this was going to work? >> people eat it, so this is nothing new. it can be done in easy way, why not? >> we're using whole insects. in addition we're fortifying food with insects and so what that means is we would take something likeke a cricket and roast it to the point that it's taken out about a powder to see

the start-up last. >> i'm not making a joke here, bugs are healthy eating then? >> i hope so. this is what we're told. i'm not a medical scientist to find out. >> if i said to somebody 60 days ago i love this prize and i'm going to go give the prize this year to someone who wants to grow, process and sell edible insects to empower rather than devour urban communities, some people would laugh. >> you're only part o your creative power is used in making money. there's enormous capacity which is a capacity to solve problems. >> is it difficult to sell products to the poor. what do you think is the secret sauce to ensure that the people who need the products are accessible to the products?

>> when we say product, to m it's whether it's good f them. i bring the product and the service to the advantage of the poor people rather than to their advantage. >> i like the worms. i think you like the grasshpers. >> they're delicious. if you try them you'll know what i mean. >> congratulations to the student who is competed for that prize. up next, a look at the news this upcoming week that will have an impact on your money. pink is the new black for diamonds. you'll never g guess whatth 60 carat rock is expected to feature at auction. that's next aftethe break.

i hope you'll follow me on twitter and google plus. look for@maria bartiromo. tuesday is a busy day. we'll hear from automakers on their new car sales. also budget cuts for fiscal year 2015 will take effect if congress doesn't extend the continuing resolution. esday marks the roll out of obama care. the bureau of labor statistics will releasthe jobs report for the month of september. that's typically a market mover. finally, diamonds are forever or you hope when they are worth a million dol drs a

carat. on november 13th, a rare 59.6 carat diamond will be auctioned dubbed the pink star for $60 million in geneva, switzerland. the grassink sold for 46.2 million back in 2010. the owner is not being disclosed. that will do it for today. thank you for joining me. my guest nt week is eric shmitz. havereat week. see you next weekend.

good morning, america. this morning -- dangerous deluge. a powerful storm pummelling the pacific northwest. >> it just came down. it was -- it was a deluge. >> power outages. soaked cars. even water pouring through the roof of the seattle-tacoma airport. and there's another storm on the way. off the cliff. late-night outrage on the floor of congress. >> delay obama care. >> what if democrats said we're going to shut down the government. >> is there any way to avoid a government shutdown now with time running out? no show. amanda knox defending her decision not to return to italy for her murder retrial tomorrow. what her life is like now, back at home. and alec baldwin, as you have never seen him before. >> thanks, honey. >> why is this guy, famous for